You are here: Home > Savings > Fixed Rates > 5 Year Bond
Current rates effective from 18/09/2013
No partial withdrawals or early closure permitted.
View your account online 24/7 (account cannot be opened online)
Like to know exactly what your savings are earning
Are happy to tie your money up for a better rate
Use your savings to boost your monthly income
You can do it by calling into any branch or you can download the application form and send it in with a cheque to:
Norwich and Peterborough Building SocietyPostal Investments UnitFREEPOST PE 104PeterboroughPE2 6BR
Before you apply, please ensure you read the terms and conditions of the 5 year fixed rate bond account.
You can only make one investment per Bond although you may open more than one Bond.
This is a share account, which makes you a member of the Yorkshire Building Society group of which N&P is a trading name. This means you can join Yorkshire Building Society’s general meetings and you have a vote on what’s decided at them as set out in the Rules of the Society.
Towards the end of the 5 years, we will contact you to discuss the best options available to you when your Bond matures.
The N&P variable rate, easy access Holding Account will apply on maturity.
You are not permitted early access or closure during the term of the Bond.
Yes you can.
The 5 Year Fixed Rate Bond is available in single or joint names.
Cheques paid into an account paying a variable rate of interest will earn interest from the second working day after the day we receive them. Cheques paid into an account paying a fixed rate of interest will earn interest from the day we receive them.
Money paid into your account in cash or by Bankers’ Automated Credit will earn interest from the day we receive it. Interest is added to your account on maturity.
Your money will earn interest up to, but excluding, the day you withdraw it.
Yes you can, but you will be subject to the withdrawal terms of your existing account.
You can contact HMRC on 0845 366 0645 or visit their website at www.hmrc.gov.uk. Alternatively, the Building Societies Association has some useful information that can be accessed by visiting www.bsa.org.uk/consumer/factsheets/tax.htm.
Interest may be paid gross (i.e. without tax being deducted) to customers who are not liable for income tax. To receive interest gross, you must complete the ‘Getting your interest with tax taken off’ (R85) Form for each of your accounts and pass these on to the provider of the accounts. You can download R85 forms here (along with the associated help sheet). They are also available from any N&P branch or by calling us on 0845 300 2511.
If you want to find out if you can claim back tax that has been deducted, and how to do so, you can contact HMRC on 0845 366 7850 or visit their website at www.hmrc.gov.uk.
No partial withdrawals or early closure permitted.
Whether you can benefit from gross, net or tax free interest is dependent on your own personal circumstances and tax status and so may be subject to change in the future.
Read our General Savings and Investments Terms and Conditions.
Read our Savings Fact Sheet.
As long as you keep your account open throughout the 5 years, we'll give you a guaranteed rate of interest on your money.
Interest on your savings is paid annually on 1 January and on maturity or monthly.
You can manage your 5 Year Bond in branch, by post or online.
You must open your account with at least £1,000.
The maximum you can invest in your 5 Year Bond is £1 million.
At N&P, we understand how important it is for you to be satisfied with your savings accounts. If you open a new savings account (other than a fixed rate bond) and within 14 days of opening it or the day on which you receive the terms and conditions (whichever is the later), you decide that it does not meet your requirements, we will transfer the balance to another N&P account. This is called a 'cooling off' period. Alternatively, we will return the balance to you without any charge or notice being required. Any transfer or refund will be subject to the relevant funds having cleared. A period of at least four full Working Days, excluding the day you paid a cheque into your Account, must be allowed for cheques paid into the Account to clear. Occasionally, cheques may be returned unpaid after this period.
This cooling off period does not apply to fixed rate bonds
*Net rates (that is after the deduction of income tax) shown are for illustrative purposes only. The interest you earn on this account will currently be taxed at the rate of 20%. Interest will be paid gross (that is before the deduction of income tax) to non-taxpayers subject to eligibility and the required registration. Otherwise interest will be paid after deduction of income tax at the appropriate rate. Please note that gross interest can only be paid to customers aged 16 or over if they are the named account holder.
AER means Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.
Norwich & Peterborough Building Society and N&P are trading names of Yorkshire Building Society. Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Yorkshire Building Society is entered in the Financial Services Register and its registration number is 106085. Principal office of Yorkshire Building Society: Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ
This site is intended for UK Residents unless otherwise stated.
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